Bernanke speaks on 60 Minutes

Kindle · Post by **Kindle** » Mon Mar 16, 2009 4:50 am

I am encouraged. I am very encouraged.

Last evening 60 Minutes played an interview with Ben Bernanke who is the Chairman of the Federal Reserve. This was a first time ever interview with a person that holds this position.

What a world of difference between him and the 'say nothing' US Secretary of the Treasury Tim Geithner. In my opinion, Ben Bernanke is a man of integrity whom the American people will be able to respect. America very much needs someone like him after the circus-like antics of recent months.

Ben Bernanke's Greatest Challenge - CBS News

Accountable · Post by **Accountable** » Mon Mar 16, 2009 5:46 pm

I watched it. Two thoughts came to me: 1) The Fed has WAY too much power if they can create money out of thin air and loan it to troubled banks and AIG without approval from anyone. 2) If the Fed can (and will) create enough money to save a bank, why are we wasting tax dollars in the same pursuit??

Lon · Post by **Lon** » Mon Mar 16, 2009 7:41 pm

Bernake came across as believeable as well as likeable, but really, what else could he say?

Nomad · Post by **Nomad** » Mon Mar 16, 2009 7:51 pm

Lon;1158815 wrote: Bernake came across as believeable as well as likeable, but really, what else could he say?

You post yet your light is red. You cant hide and post at the same time Lon.

Thats like putting a sheet over yourself and pretending youre a ghost.

God.

Lon · Post by **Lon** » Mon Mar 16, 2009 8:32 pm

Nomad;1158818 wrote: You post yet your light is red. You cant hide and post at the same time Lon.

Thats like putting a sheet over yourself and pretending youre a ghost.

God.

I'm a wee bit thick tonight---------red light? Whasit?